M TTT M

AUDCAD

Loss trade

-1.6%

Masterrmind............

EURCAD

Loss trade

-1.6%

Masterrmind.............

Hello,
What you are posting here is not per MTTTM system ryles,you are using only 1 core part (octaves) of the strategy.
It will be better to open a new thread to presend your own system and approach.

Regards

AUDCAD

Loss trade

-1.5%

EURAUD

Loss trade

-1.6%

EURUSD

Loss trade

-1.6%

Masterrmind...........

GBPUSD

Winning trade

+6.5%

Masterrmind............

CADCHF

Loss trade

-1.7%

GBPCHF

Loss trade

-1.7%

Masterrmind............

Summary of TS Order 3-#2-S4 (the 4th setup)

TS Order 3-#2-S4

TS1: EURUSD + GBPUSD = EURGBP
TS2: AUDCAD + EURCAD = EURAUD
TS3: GBPCAD + CADCHF = GBPCHF

9 trades opened
all pending orders were triggered

Total setup risk was 14.4% (1.6% risk per trade over a possible 9 entries) .
9 trades from 9 triggered so full risk a possibility.

1 winner @ 6.5%.
8 losers @ -1.7%, -1.7%, -1.6%, -1.6%, -1.5%, -1.6%, -1.6% and -1.7%.

Net Cycle (Gain/Loss) = (6.5)% - (1.7 + 1.7 + 1.6 + 1.6 + 1.5 + 1.6+ 1.6 + 1.7)% = 6.5% - 13% = -6.5% (approx).

A net losing cycle of -US$ 908.79 causes the account balance to decrease which now stands at $13 049.54.

+30.5% gain on the account.

Masterrmind............

The next setup will be TS Order 3-#2-S5 and it will be traded later today.

Since the previous TS Order 3 resulted in a loss the Risk per Trade will decrease from 1.6% down to 1.2%.

I will post the direction of each of the 9 pairs in the next post.

Masterrmind............

TS Order 3-#2-S5

TS1: EURUSD + GBPUSD = EURGBP
TS2: AUDCAD + EURCAD = EURAUD
TS3: GBPCAD + CADCHF = GBPCHF

Risk per Trade @ 1.2%
SL @ 1.5*Octave Gap

Entry setup time within the next few hours.

ps. more influence by MML levels this time around instead of a correlated approach.

Masterrmind............

All 9 entries have now been placed.

Time to let them play out.

ps. 2 @ market & 7 pending orders.

Masterrmind.............

EURGBP

Loss trade

-1.3%

CADCHF

Loss trade

-1.3%

GBPCAD

Loss trade

-1.3%

GBPCHF

Loss trade

-1.3%

EURAUD

Loss trade

-1.2%

GBPUSD

Loss trade

-1.2%

Masterrmind............

Hello Masterrmind,

I check the last trades you have placed and i think you have wrong stop calculation placed in CADCHF and GBPCHF,
BOTH are less than an octave or they changed in the last couple of hours based on the screenshoots you post??
Also CADCHF was sell but between 1/8 and 2/8?? Take profit way out of octaves?

All entries were correct at the time of setup.

In fact I made an entry on the CADCHF pair (larger Octave Gap) only to see a sudden reduction so I closed out the entry (shown below) and placed another order applying the updated Octave Gap.

The octave also changed for the EURCAD pending order so I deleted it out and applied another pending order based on the updated MML Grid data.

In MML setups using the lower TF's the Octave Gaps will update at a much greater frequency than the HTF's (its calculation based afterall).

Typical Octive Gaps (others do exist) on pairs traded are 7.6 pips, 15.3 pips, 30.5 pips and 61 pips for an M15 P=64, MMPeriod=60 and StepBack=0 setup.

On the next TS Order 3 setup I will post screenshots of all pairs initially, after the trades complete and include the before and after terminal entries.

Thanks for going through the setups and offering your comments.

ps. this was one of the fastest 6 trade losses (about a 4 hour period) in a TS Order 3 to date however there is 1 trade still running and 2 pending orders so final results may differ and be better or worse.

pps. something worth considering is applying a larger minimum Octave Gap such as 30.5 pips (SL @ 1.5*Octave Gap is just over 45 pips) but ofcourse the TP also gets pushed much further out so it becomes a case of having to make a choice between too small or too large of a stop.

ppps. to an alert trader they should be able to very quickly identify a key observation as to the rapid losses .... hint: When were the trades entered?

Masterrmind............

EURUSD

Loss trade

-1.3%

AUDCAD

Loss trade

-1.2%

Note: EURCAD pending order will remian active in the system since its risk has been accounted for; it may be deleted at a much later date (PA??).

Masterrmind...........

Summary of TS Order 3-#2-S5 (the 5th setup)

TS Order 3-#2-S5

TS1: EURUSD + GBPUSD = EURGBP
TS2: AUDCAD + EURCAD = EURAUD
TS3: GBPCAD + CADCHF = GBPCHF

8 trades opened
1 pending order [EURCAD] remains active (BUT NOT triggered)


Updated information shows the final completed trade:

Total setup risk was 10.8% (1.2% risk per trade over a possible 9 entries) .
9 trades from 9 triggered so all risk in play.

0 winners @ 0%.
9 losers @ -1.3%, -1.3%, -1.3%, -1.3%, -1.2%, -1.2%, -1.3%, -1.2 and -1.2%.

Net Cycle (Gain/Loss) = (0.0)% - (1.3 + 1.3 + 1.3 + 1.3 + 1.2 + 1.2+ 1.3 + 1.2 + 1.2)% = 0.0% - 11.3% = -11.3% (approx).

Note that the total assigned loss should have been close to 10.8% (1.2% per trade * 9 trades) but an excess of about 1/2% occurred.

A net losing cycle of -US$ 1435.59 causes the account balance to decrease which now stands at $11 613.95.

+16.1% gain on the account.

ps. This post was updated (edited) to reflect the completion of the final trade (EURCAD).

Masterrmind............

The next TS Order 3 will be traded very soon in the London/NY cross over.

All 9 charts including the terminal entries will be posted at the time of setup.

Note: This is a test demo account for the MTTTM strategy so keep that in mind before you get trigger happy with following trades.

Masterrmind...........

TS Order 3-#2-S6

TS1: EURUSD + GBPUSD = EURGBP
TS2: AUDCAD + EURCAD = EURAUD
TS3: GBPCAD + CADCHF = GBPCHF

Risk per Trade @ 0.8%
SL @ 1.5*Octave Gap

Entry setup time in the London/NY crossover.

ps. Choice of pair direction used a combination of factors.

Masterrmind............

Trade entries for TS Order 3-#2-S6

EURUSD

GBPUSD

EURGBP

AUDCAD

EURCAD

EURAUD

GBPCAD

CADCHF

GBPCHF

Terminal entries (all trades placed manually)

Risk per Trade reduced to 0.8% per trade (previous 1.2% less stepsize of 0.4% = 0.8% for this setup) due to previous cycle being a net loss.
Total assumed risk over the 9 entries is 7.2% (approx).

Masterrmind............

EURGBP

Loss trade

-0.9%

Masterrmind............

EURUSD

Loss trade

-0.9%

Masterrmind............